Thursday, May 16, 2024

Deal boom

Apartment deals, mergers and acquisitions

Lone Oak

Marcus & Millichap brokers newly constructed apartment asset sale in Parker County Texas

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of Lone Oak, a 396-unit multifamily asset in Weatherford, Texas. “Weatherford has seen...
Excelsior Hotel

Berkadia secures $84 million in stretch senior financing for hotel-to-multifamily conversion on Manhattan’s Upper...

Berkadia announces it has secured stretch senior financing for developer Emmut Properties’ acquisition of Excelsior Hotel, a century-old landmark hotel on Manhattan’s Upper West Side. Emmut Properties acquired the 126-room hotel, which has been...
Ellie May

StoryBuilt and IHP Capital Partners form $44 million real estate joint venture

StoryBuilt, an urban residential and commercial community developer, and IHP Capital Partners, one of the nation's most prominent providers of equity financing for residential real estate development, announced a $44 million real estate joint...
Prelude at Paramount

Institutional Property Advisors completes multifamily sale outside of downtown Boise

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Prelude at Paramount, a 280-unit core multifamily asset located in Meridian, Idaho. “Prelude at Paramount is located just 12-miles from Downtown...
22 North

Institutional Property Advisors completes Austin area apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of 22 North, a 240-unit multifamily asset located 20 miles northwest of Austin in Leander, Texas. “Austin’s technology scene is often referred...
City View at the Highlands

Another large multihousing community in suburban Chicago trades to NYC investor

JLL Capital Markets announced that it has closed the sale of City View at the Highlands, a 403-unit, luxury, value-add, mid-rise apartment building located in the Chicago suburb of Lombard, Illinois. JLL represented the sellers, a...
Summit at Hyland Park

$47M multihousing property near Portland sells

JLL Capital Markets announced that it has closed the $47 million sale of Summit at Hyland Park, a 137-unit, value-add, garden-style multihousing community located in Beaverton, Oregon. JLL represented the seller, DB Capital Management. FPA...
The Morton

Institutional Property Advisors brokers Salt Lake City multifamily sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Morton, a 137-unit multifamily asset in Salt Lake City, Utah. “The Morton provides connectivity and convenience, and its modern, mid-rise...
Hudson Square North

Multihousing community in Northeastern New Jersey refinanced for $35.9 million

JLL Capital Markets announced that it has arranged a $35.9 million refinancing for Hudson Square North, a 150-unit, transit-oriented, high-rise multihousing community with 2,739 square feet of retail space in Hoboken, New Jersey. JLL worked...
Villas at Cantamar

Marcus & Millichap completes West Fort Worth apartment property sale

Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of The Villas at Cantamar, a 265-unit apartment property located in...
Yardz on Kolb

Institutional Property Advisors closes $65.5 million multifamily asset sale in Tucson

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of Yardz on Kolb, a 410-unit multifamily asset in Tucson, Arizona. The property traded for $65.5 million, or $159,756 per unit. “Yardz...
The Benson

Institutional Property Advisors closes $80 million San Bernardino County apartment asset sale

Institutional Property Advisors (IPA), a division of Marcus & Millichap, announced the sale of The Benson, a 236-unit multifamily property in Upland, California. The asset sold for $80.75 million, or $342,161 per unit. “The Benson...
Sonata

Davlyn Investments acquires North Las Vegas apartment community

Davlyn Investments, a prominent California-based, multifamily investment firm, recently closed escrow on the $77,000,000 purchase of Sonata, a 312-unit, Class A, multifamily community in North Las Vegas, Nevada that was constructed in 2009. This...
Alexan 335

CP Capital US and Trammell Crow Residential announce sale of Alexan 335 project in...

A joint venture of CP Capital, a highly disciplined U.S. real estate manager specializing in multifamily investments, and Trammell Crow Residential (TCR), a premier multifamily real estate company with nearly 40 years of experience...
The Standard at Legacy

Newmark arranges sale of 323-unit trophy mid-rise multifamily asset in North Central San Antonio

Newmark announces it has completed the sale of The Standard at Legacy, a 323-unit, mid-rise, trophy multifamily asset located at 1938 E. Sonterra Boulevard in the Stone Oak area of San Antonio, Texas. Newmark Vice Chairman...
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